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Latest Posts By yipyip - Master      About yipyip
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08-May-2008 00:27 China Hongcheng   /   IPO 50cts ChinaHongc       Go to Message
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1Q08 FS

profit  +1.7% (vs 07)

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4BCA09C67856DD5D482574420026E6D5/$file/CH-3Q-Results.pdf?openelement
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08-May-2008 00:21 Reyoung   /   Any views on Reyoung       Go to Message
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Profit Guidance

lower profit for 1Q FY2008

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BE82A13EBFE6EBB7482574420034540B/$file/RP-Profit-Guidance.pdf?openelement
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08-May-2008 00:17 CDW   /   Hidden Gem - CDW       Go to Message
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Profit Warning!

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9FE05A2BFE8958B1482574420036AD5A/$file/CDW-ProfitWarning7May08.pdf?openelement
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08-May-2008 00:14 PineAgritech   /   Another Cheong King ?       Go to Message
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1Q08 FS

profit  -52.1% (vs 07)

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_57E8057C51BDF98D482574420037A523/$file/Pine_1stQtr31Mar08_7May08.pdf?openelement
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08-May-2008 00:12 ARA Asset Mgt   /   handon trading...       Go to Message
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1Q08 FS

Profit  +142% (vs 07)

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4FFEE49426FA9BA74825744200359B06/$file/ARA_Q1_2008_announcement.pdf?openelement
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08-May-2008 00:10 Jaya   /   Jaya vs other shipbuilding stocks       Go to Message
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3Q08 FS ended 31/mar/08

Profit  +8%

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_08E7E64BBD3DC4FD482574420031CDF0/$file/Announcement_3Q_FY08.pdf?openelement
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08-May-2008 00:07 Jaya   /   Jaya vs other shipbuilding stocks       Go to Message
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Jaya Continues to Ride on Strong Demand

for Offshore Support Vessels

 9M FY08 net attributable profit rises 26% to S$113.3m



sale gains of S$48.7mProfit driven mainly by higher charters from larger AHTS fleet and ship



healthy offshore shipping sector

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_FF4CDD4086EAE91648257442003292D8/$file/Press_release_7_May_08.pdf?openelement
Strategic newbuild programme positions Jaya well to benefit from still

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08-May-2008 00:04 PFood   /   PFood       Go to Message
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1Q08 FS

profit  RMB$142,277,000 (drop 37.4% vs 07)

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_96246610346E6C7C48257442000B52F6/$file/PFood-1stQtr-Results.pdf?openelement
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07-May-2008 23:59 Annica   /   OCULUS LIMITED       Go to Message
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Xiang Le Investment Pte Ltd

shareholding from 10.01% to 18.69%

http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/cecdaf158753c580482574420041ee9b?OpenDocument
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07-May-2008 23:55 ThaiBev   /   up or down on debut?       Go to Message
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Press release

Mekhong rum in us

 http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_040902C4BC197D7B48257442004455A8/$file/Press_Release.pdf?openelement
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07-May-2008 23:50 $ ChinaESave   /   China Enersave       Go to Message
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Profit Guidance

Yima plant suffered a significant loss in Q1 2008...

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4929C5A73CFF3EA348257442004EBCEF/$file/announcementforYima7may08final.pdf?openelement
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07-May-2008 15:43 Asia Env   /   Asia Env 1Q'08 Net Profit Jump 95%       Go to Message
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can it breakout 0.485 today?
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07-May-2008 07:40 SunVic Chemical   /   May Attempt 60 cts       Go to Message
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SunVic has completed the expansion of PMIDA plant, this will giving additional  volume of 10,000 tonnes in 2008 and contribute to revenue and profit for FY2008

http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/5f3e7076f3c3537248257441003720a9?OpenDocument
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07-May-2008 07:35 Mercator Lines   /   Mercator Lines       Go to Message
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FS for the year ended 31/Mar/08

profit +303% (vs 07)

 http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F5620EB67F62E0C24825744100808315/$file/fullyearfinancialresults070508.pdf?openelement
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07-May-2008 07:31 DBS   /   DBS       Go to Message
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1Q2008 FS

income +1% (vs 07)

profit -2% (vs 07)

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_51F6BB4845F79E0948257441003956FF/$file/1Q08performancesummary.pdf?openelement

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07-May-2008 07:27 SIA Engineering   /   SIA Engg - A Buy Call from Kay Hian       Go to Message
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4Q end 31Mar08 FS

Rev $225.1mln

profit $55.7mln (vs 2007 $48.9mln)

 http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_CACE737A44F4810048257441007E66BB/$file/SIAEngCoFY0708Announcement.pdf?openelement
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07-May-2008 00:16 Others   /   DOW       Go to Message
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DOW +2.85  or  +0.02% now
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06-May-2008 23:55 RickmersMaritime   /   Container ships charterer with 170+ years history       Go to Message
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TP $1.22 (from ocbc)

http://www.ocbcresearch.com/Article.aspx?type=research&id=20080506103353_84462
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06-May-2008 23:51 SMRT   /   SMRT       Go to Message
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sorry, repeated post
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06-May-2008 23:50 SMRT   /   SMRT       Go to Message
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SMRT Corporation
April 30 close: S$1.80
DBS Group Research, April 30


FULL-YEAR earnings came in slightly ahead of our expectations, up 11 per cent y-o-y to $150 million, as revenue grew by 8 per cent y-o-y to $800 million, driven primarily by ridership growth on its MRT trains. Ebit grew 23 per cent y-o-y, led by the MRT segment (up 25 per cent y-o-y), rental and ads (up 22 per cent y-o-y), and a turnaround from a loss of $5.1 million for the taxi segment to a profit of $0.6 million.

A final net dividend per share (DPS) of six cents was declared, bringing total DPS for FY2008 to 7.75 cents, above our 7.5 cents forecast.

SMRT continues to impress with effective cost management and with strong ridership growth, the group's profitability has scaled well, with Ebit margin expanding from 15 per cent five years ago to over 22 per cent currently.

Looking ahead, we expect earnings growth to slow down as it comes from a higher base and as the group faces higher cost pressures, as well as likely start-up costs for the new Circle Line (Stage 3 is targeted to open in mid-2009). Nonetheless, we expect ridership growth and increasing rental income to continue to underpin steady earnings growth.

With a formal policy of aiming to maintain or improve the absolute amount of dividends each year, and given SMRT's generous track record, we are optimistic that shareholders can look forward to growing dividends as the group continues to grow. We raise our DPS forecasts to 8.5 cents and nine cents for FY2009 and FY2010 respectively. As such, we raise our TP to $2 (targeting 4.5 per cent net yield for FY2010) and upgrade the stock to a 'buy'.

Furthermore, SMRT has highlighted the possibility of giving a special dividend, which we believe has a high likelihood as we project that the group will move into a net cash position this year. We estimate that SMRT can pay another 10-15 cents in special dividends with internal funds, without crossing the 0.5 times net debt-to-equity mark.
BUY

Glossary
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